Interest and Other, Net

6 Months Ended

Jul. 02, 2011

Interest and Other, Net [Abstract]

Interest and Other, Net

Note 14: Interest and Other, Net

The components of interest and other, net were as follows:

	Three Months Ended				Six Months Ended
	July 2,		June 26,		July 2,		June 26,
(In Millions)	2011		2010		2011		2010
Interest income	$	20	$	29	$	48	$	55
Interest expense		—		—		(6)		—
Other, net		1		(18)		164		(15)
Total interest and other, net	$	21	$	11	$	206	$	40

In the first quarter of 2011, we recognized a gain upon formation of the Intel and GE joint venture, Care Innovations, of $164 million, included within “other, net,” in the table above. See “Note 11: Equity Method Investments,” for further information.